Home Forums Hunting & Shooting Hunter's Campfire Dow Is Phuqked

I just jumped in with both feet!! This is all political and market will recover fast.

IMO, this is a real bear market and it's going to play out over some months, not a few days. This virus is having a big impact on a lot of industries right on main street. I think we will see -35% or greater fall. This is just the first wave.

If that happens, it’d be hard to not see it as an opportunity for a lot of us.

Their only option left is to turn the printing press wide open, and throw money at it....and the market "laughed" at the $500 BILLION the "taxpayer" handed it today...that should scare the crap out of everyone...$500 B I L L I O N.

They have already started to do that.

DOW closed @ 21200.95 today. It closed on June 2nd 2017 @ 21200.74. That's almost 3 years of gains gone. She hasn't hit bottom yet.

I'm buying today, if it goes down again I'll buy tomorrow.

My post in this thread from 2020-03-09 comes true…unfortunately. We’re now “here”, and more bleeding is to come:

Remember the above post from 3 days ago? I had to fill in another date and percentage unfortunately.

Look at the first two dates for 2008...6 days apart. 2020 was only 3 days apart, and worse.

It's starting to look like all of the other times....and that is NOT good...because there is way more "BAD" debt on the books.....everywhere,...and that means uncharted waters.

See that 1987-10-19 percentage? That can happen tomorrow after they throw another $500 BIL at this "cascading down" pig, and the market laughs at it again.

Once the ball starts rolling----it's awful hard to stop it & change direction.

Thankfully there is more to life than money.

Especially where gravity is concerned.

Still keeping the powder dry here.

The question is when. Good luck.

This is a buying opportunity people. It's not "if" it will rebound; rather, it is "when" will it rebound.

good luck, man. I am clucking here like a chicken for now.

Good call. Give it a few more weeks to make sure you ain’t gonna lose out on a better opportunity. Then get greedy.

Ford is calling your name.

I’ve grown somewhat hard of hearing.
Grins

No kidding. Way too many good companies getting cheap to take a chance on a dog.

There’s only one way out, and that’s raise interest rates, and force the schit party to begin with BK’s, and the ones who leveraged themselves to the bottom of their eyeballs will be cleaned off the deck…but they won’t do it…because: that’s our “connected” friends, and we won’t get re-elected.

If they raised interest rates, it means many years rebuilding the carnage and back on the road to recovery, instead of not and a “hopeful” turn around in the public’s eyes, and chance at retaining the WH. Otherwise commies win election, and they would just pass legislation that would extend the carnage longer, just like FDR did, and force Civil War.

There is no easy way out from here. It is either a schit party with BK’s and we lose the WH, but we get back on the road to recovery (Patriots sacrifice the WH for the good of their country-fight like hell to keep it FREE until we retake it) or Civil War with the commies getting elected, and “not letting a bad situation go to waste", while they finish destroying what little will be left.

Damn, did I just describe Civil War is immanent either way? I guess I did, and that is what happens when an economy “completely” collapses and half the people are commies.

As I write this, the after-hours market is still continuing to bleed RED, and I still can’t pull the trigger to get out, because it’d be a big loss, and I want to believe there will be a brighter day and it’ll come back. After writing the above and thinking the only available options through…it’s like saying goodbye to your country here if you pull the trigger, just like you say goodbye at a funeral….and that’s damn hard to do…especially when your direct ancestors where here before it was even a country, and opened and settled the frontier….damn watery eyes.